MYR to USD Exchange Rates & Currency Deals

   

USD to MYR update: As of Sept 16, the USD is under pressure, hovering near 60-day lows around 4.2050, amidst Fed's dovish sentiment and lower U.S. retail growth. Analysts predict MYR could strengthen to RM4.10-RM4.15 by Dec 2025 amid stable interest rates and fiscal reforms. Monitor macro developments closely

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What is the best Send Money conversion rate for MYR to USD?

As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare Malaysian ringgit (MYR) to US dollar (USD) rates from different sources before making a conversion.

The above Ringgit to Dollar comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by banks and other foreign exchange providers against the latest MYR-USD mid-rate and the possible savings of using various providers. 

How do MYR-USD rates compare between providers?

The next best is Wise at 0.2361, -0.67% from the mid-rate.

Then WorldRemit at 0.2342, which is -1.5% from the mid-rate.

Among the banks the CIMB Bank rate is 0.2303 at -3.1% the OCBC Bank rate is 0.2294 at -3.5% and the Maybank rate is 0.2294 at -3.5% compared to the mid-rate 0.2377.

It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks and foreign exchange providers often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate. For more competitive rates, you might consider using a specialized currency exchange service or platforms that offer rates closer to the mid-market rate.

 

Compare MYR to USD Transfer Rates